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Freshman,sophomore,junior,or senior would be examples of ________ data.
Fair Value
Fair value is the estimated price at which an asset or liability could be traded in a fair and open market transaction, reflecting its current market value.
Cost Base
The total amount of investment in an asset, used for tax purposes to determine capital gains or losses upon disposal.
Long-Lived Asset
Assets of a company that provide value for more than one fiscal year, such as buildings, machinery, and equipment.
Capitalized
The process of recording a cost as an asset, rather than an expense, enabling the cost to be expensed over the useful life of the asset rather than immediately at the time of purchase.
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